STOCK TITAN

Mitesco (OTCQB: MITI) secures $225K bridge funding and signs $30M equity line term sheet

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Mitesco, Inc. entered into $225,000 of 2026 bridge convertible promissory notes with two historical investors, providing short-term financing with a 10% original issue discount and 10% interest, maturing 12 months from issuance.

The notes are convertible into common stock at $0.15 per share, potentially increasing the share count if investors elect to convert. Mitesco also signed a non-binding term sheet for a potential $30 million equity line of credit facility, which would be used at the company’s discretion and carries a 2% fee secured by a promissory note.

Separately, the company’s Vero Technology Ventures division announced the RoboAgent Test Bed Team, bringing real estate and coaching professionals together to refine its AI-powered real estate productivity platform, RoboAgent, ahead of broader commercialization.

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Insights

Mitesco adds convertible bridge debt and pursues a sizable equity line while advancing its RoboAgent platform.

Mitesco raised $225,000 through 10% convertible bridge notes, giving near-term liquidity at the cost of higher interest and potential equity dilution at a $0.15 per-share conversion price. The obligation totals $247,500 due in 12 months, including the original issue discount.

The non-binding term sheet for a $30 million equity line of credit would, if completed, provide flexible access to capital at the company’s discretion, with a 2% facility fee secured by a promissory note. Actual usage, pricing mechanics, and dilution will depend on final documents and how much of the line the company draws after the planned Form S-1 becomes effective.

On the operating side, the RoboAgent Test Bed Team shows continued investment in the AI-powered real estate productivity platform. Input from industry practitioners is intended to refine product-market fit and workflows before broader commercialization, though financial impacts will depend on future adoption and monetization not detailed here.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Bridge notes face amount $225,000 2026 Bridge Notes issued June 3, 2026
Total repayment obligation $247,500 Principal plus 10% original issue discount
Interest rate 10% Annual interest on 2026 Bridge Notes
Maturity term 12 months Bridge notes due 12 months from date of note
Conversion price $0.15 per share Price for converting notes into common stock
Planned ELOC size $30 million Non-binding equity line of credit term sheet
ELOC facility fee 2% Fee on full funding amount, secured by promissory note
Convertible Promissory Notes financial
"The 10% Original Issue Discount Convertible Promissory Notes (the “2026 Bridge Note”)"
A convertible promissory note is a loan a company takes that can later be turned into shares instead of being paid back in cash; think of lending money now in exchange for a voucher that can become ownership later. Investors care because it mixes credit risk and potential ownership upside—it can protect lenders if a company struggles while also diluting existing shareholders when converted, affecting future share value and investor returns.
Original Issue Discount financial
"The 10% Original Issue Discount Convertible Promissory Notes (the “2026 Bridge Note”)"
Original issue discount (OID) is the difference between a debt security’s face value and the lower price at which it is first sold, treated as additional interest that accrues over the life of the instrument. For investors it matters because OID raises the effective yield and changes taxable income and the holding’s cost basis over time — think of buying a $100 voucher for $90 and recognizing the $10 gain as earned interest as the voucher approaches maturity.
Equity Line of Credit (ELOC) financial
"to provide an additional $30 million of funding through a facility using a Equity Line of Credit (ELOC) approach"
An equity line of credit (ELOC) is a flexible financing agreement that lets a company draw cash over time by issuing new shares to a lender or investor up to a preset limit. It works like a credit line or charge card for cash needs, but payment comes in the form of additional stock rather than loan principal. Investors should care because it provides quick liquidity for the company but can dilute existing shareholders and affect share price and ownership over time.
Regulation D regulatory
"The 2026 Bridge Notes were sold pursuant to an exemption from registration under Section 4(a)(2) and Regulation D of the Securities Act of 1933."
Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.
forward-looking statements regulatory
"This press release contains forward-looking statements, including but not limited to statements related to expansion into new operations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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false 0000802257 0000802257 2026-06-03 2026-06-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

 

FORM 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 3, 2026

 

MITESCO, INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   000-53601   87-0496850
(State or another jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

505 Beachland Blvd., Suite 1377
Vero Beach, Florida 32963

(Address of principal executive offices) (Zip Code)

 

(844) 383-8689

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
N/A   N/A   N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Item 3.02 Unregistered Sales of Equity Securities

 

2026 Bridge financing

 

On June 3, 2026 Mitesco, Inc. (the “Company”) received funding from two (2) historical investors in the Company from two (2) new 2026 Bridge Notes. The 10% Original Issue Discount Convertible Promissory Notes (the “2026 Bridge Note”) with Monroe Street Capital, LLC. whose note has a face of $75,000, and with Pinz Special Opportunities Fund, LP, whose face is $150,000 purchase price, for a total of $225,000. The notes bear interest of 10% and have a maturity 12 months from the date of the note. Under the terms of the notes, the Company is obligated to repay a total of $247,500 as the note includes a 10% original issue discount. The notes may be converted into common stock of the Company at $0.15 per share, subject to certain adjustments. The description of the 2026 Bridge Note and related Securities Purchase Agreement represents summaries and are qualified in their entirety by Exhibit 10.1 and Exhibit 10.2, attached hereto and incorporated herein by reference.

 

The 2026 Bridge Notes were sold pursuant to an exemption from registration under Section 4(a)(2) and Regulation D of the Securities Act of 1933. Securities issued in this offering have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

 

Item 8.01 Other Events.

 

The Company has signed a non-binding term sheet with one of its historical lenders to provide an additional $30 million of funding through a facility using a Equity Line of Credit (ELOC) approach. The use of the funding facility is at the Company’s discretion and subject to numerous conditions. The funding includes a fee equal to two percent (2%) of the full funding amount to be secured with a promissory note which can be paid using a portion of the proceeds from the facility. The Company is expecting to have this facility in place shortly, and will be filing .a registration statement using Form S-1 shortly allowing any shares issued under the facility to be registered upon issuance. The Company’s counsel is working with counsel for the lender to create definitive documents, subject to approval of the Board of Directors.

 

The Company issued a press release on June 8, 2026 discussing one of its new A.I. based software application, RoboAgent. A copy of the press release is included in Exhibit 99.1 of this filing. .

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibits   Description
10.1   Form of 2026 Bridge Note
10.2   Form of 2026 Bridge Note Securities Purchase Agreement
99.1   Press release dated June 8, 2026
104   Cover Page Interactive Data File (formatted as Inline XBRL)

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: June 8, 2026 MITESCO, INC.
     
  By: /s/ Mack Leath
    Mack Leath
    Chairman and CEO

 

2

 

Exhibit 99.1

 

Mitesco’s RoboAgent Team Talks A.I. For Real Estate Professionals

 

Industry Experts Join Initiative to Help Shape Next Generation AI Platform for Real Estate Professionals.

 

VERO BEACH, Florida – June 8, 2026 – Mitesco, Inc. (OTCQB: MITI) (“Mitesco” or the “Company”), through its Vero Technology Ventures division, today announced the official launch of the RoboAgent Test Bed Team, an initiative designed to provide real-world feedback, validation, and industry expertise as the Company advances development of its AI-powered real estate productivity platform, RoboAgent. Investors and industry professionals can learn more about RoboAgent by viewing the recently released RoboAgent Advisor Roundtable hosted by Stuart Smith of SmallCapVoice at https://youtu.be/n2TEV7uWn_8.

 

The RoboAgent Test Bed Team brings together respected leaders from across the real estate, coaching, and sales performance industries who will actively participate in evaluating the platform, validating use cases, testing workflows, and helping guide product development.

 

The initial Test Bed Team includes:

 

Frank Panunto – Vice President of Growth, eXp Realty, one of the largest residential real estate brokerages in the world.

 

Kim Hughes – Founder and Operations Coach, Kim Hughes & Company, recognized for helping real estate agents, teams, and brokerages improve productivity, systems, and operational performance.

 

Doug Lotierzo – President and Owner, The Lotierzo Group, specializing in sales training, leadership development, accountability systems, and performance coaching.

 

Together, these industry professionals contribute decades of experience in brokerage growth, agent productivity, sales coaching, and business development. Through the Test Bed Team, participants will provide direct feedback on product functionality, workflows, coaching content, integrations, and user experience, helping ensure RoboAgent addresses the real-world challenges facing today’s real estate professionals.

 

RoboAgent is designed to help real estate professionals cut through the noise of disconnected systems and overwhelming lead volumes by transforming CRM, MLS, and transaction data into prioritized daily actions. The platform leverages artificial intelligence to identify opportunities, recommend next steps, and help agents focus on the activities most likely to drive revenue and client engagement.

 

The panel highlighted the importance of combining AI-driven insights with proven coaching principles and real-world industry expertise. Advisors discussed how RoboAgent’s unique approach seeks to provide agents with actionable guidance rather than simply delivering more data, helping professionals focus on the right activities at the right time. The discussion featured insights into the challenges facing today’s real estate professionals and the role artificial intelligence can play in improving agent productivity, accountability, and business performance.

 

“The launch of our Test Bed Team represents an important milestone in RoboAgent’s development,” said Brian Valania, CEO and CFO of Mitesco, Inc. “We believe the best products are built alongside the professionals who use them every day. By collaborating with experienced agents, coaches, brokerage leaders, and technology advisors, we can ensure RoboAgent addresses real-world challenges and delivers measurable productivity gains.”

 

Valania added, “The expertise represented by this group spans brokerage leadership, operational excellence, coaching, sales performance, and agent productivity. Their feedback will help us refine RoboAgent into a platform capable of delivering meaningful value to agents, teams, and brokerages.”

 

“Technology should make agents more productive, more responsive, and ultimately more successful,” said Frank Panunto, Vice President of Growth at eXp Realty. “The opportunity to combine AI with proven business practices and coaching methodologies has the potential to create meaningful value for agents across the industry.”

 

Kim Hughes emphasized the importance of systems and accountability in helping agents achieve sustainable growth.

 

“Agents are constantly looking for ways to improve efficiency without sacrificing service,” said Hughes. “RoboAgent has the potential to provide the structure and consistency many professionals need to stay focused on the activities that drive results.”

 

Doug Lotierzo highlighted the value of combining technology with proven coaching principles.

 

“The most successful sales professionals consistently execute the fundamentals,” said Lotierzo. “RoboAgent’s ability to reinforce productive behaviors and provide actionable guidance can help create greater accountability and performance.”

 

The discussion concluded with remarks from Brian Valania, CEO and CFO of Mitesco, Inc., who summarized key themes from the roundtable and reinforced the Company’s vision for RoboAgent.

 

“RoboAgent is not about replacing agents—it’s about empowering them,” said Valania. “By combining AI-driven insights, proven coaching methodologies, and guidance from some of the industry’s most experienced professionals, we believe RoboAgent can help agents focus on what matters most: building relationships, serving clients, and growing their business.”

 

Mitesco expects feedback from the Test Bed Team to play a critical role in refining RoboAgent ahead of broader commercialization efforts. The Company believes the combination of experienced real estate professionals, coaching experts, and technology innovators will help position RoboAgent as a differentiated solution within the rapidly evolving proptech landscape.

 

 

 

 

About RoboAgent

 

RoboAgent is an AI-powered real estate productivity platform designed to help agents identify priorities, manage opportunities, improve follow-up execution, and drive better business outcomes. By integrating data from multiple sources, including CRM and MLS systems, and delivering intelligent recommendations, RoboAgent seeks to simplify the daily workflow of real estate professionals and help them focus on the actions that matter most. The platform combines artificial intelligence, workflow automation, and professional coaching methodologies to improve productivity, accountability, and business growth.

 

About Mitesco, Inc.

 

Mitesco (OTCQB: MITI) is a growth-oriented technology company focused on platforms that improve efficiency, access, and affordability. With deep experience in business transformation, the Company deploys capital toward both organic initiatives and strategic acquisitions that enhance shareholder value.

 

Investor Contact:

 

Jimmy Caplan
jimmycaplan@me.com
(512) 329-9505

 

Company Contact:

 

Brian Valania
bvalania@centcoreusa.com
(610) 888-7509

 

About Centcore, LLC

 

Centcore, a division of Mitesco, Inc., is the Company’s dedicated data center business unit. Centcore provides secure, scalable cloud services tailored to modern enterprise and public sector needs. Centcore is a trusted provider across industries, offering certified infrastructure and high-availability solutions.

 

For more information visit www.centcoreusa.com.

 

About Vero Technology Ventures, LLC

 

Vero Technology Ventures is Mitesco’s venture arm investing in productivity-driven cloud technologies designed for business and government applications. Areas of focus include infrastructure, process automation, analytics, and data center tooling. Entrepreneurs seeking capital and collaboration are invited to connect at info@mitescoinc.com.

 

Forward-Looking Statements

 

This press release contains forward-looking statements, including but not limited to statements related to expansion into new operations, data center development, software development initiatives, commercialization efforts, product deployment, and strategic growth initiatives. Words such as expects, anticipates, aims, projects, intends, plans, believes, estimates, seeks, assumes, may, should, could, would, foresees, forecasts, predicts, targets, commitments and similar expressions are intended to identify such forward-looking statements.

 

These forward-looking statements are based on the Company’s current plans, assumptions, beliefs, and expectations. Actual results may differ materially due to risks including financing availability, execution risk, market acceptance of products and services, litigation exposure, and other factors disclosed in the Company’s filings with the Securities and Exchange Commission, available at www.sec.gov.

 

 

 

FAQ

What bridge financing did Mitesco (MITI) secure in June 2026?

Mitesco secured $225,000 in 2026 Bridge Notes from two historical investors. The convertible notes carry 10% interest, a 10% original issue discount, mature in 12 months, and are convertible into common stock at $0.15 per share, adding near-term liquidity with dilution potential.

What are the key terms of Mitesco’s 2026 Bridge Notes?

The 2026 Bridge Notes total $225,000 in face amount at 10% interest with a 10% original issue discount. Mitesco must repay $247,500 in 12 months. Investors may convert the notes into common stock at $0.15 per share, subject to adjustments described in the transaction documents.

What is the $30 million equity line of credit term sheet Mitesco announced?

Mitesco signed a non-binding term sheet with a historical lender for a potential $30 million equity line of credit facility. Use of the facility is at the company’s discretion, subject to numerous conditions, and includes a 2% fee secured by a promissory note tied to the full funding amount.

How will Mitesco register shares issued under the planned equity line of credit?

Mitesco plans to file a registration statement on Form S-1 to register shares issued under the equity line. Once effective, this would allow shares drawn under the facility to be registered upon issuance, facilitating potential future sales into the market by the funding counterparty.

What is Mitesco’s RoboAgent platform and Test Bed Team?

RoboAgent is an AI-powered real estate productivity platform from Mitesco’s Vero Technology Ventures division. The newly launched RoboAgent Test Bed Team brings experienced real estate and coaching professionals together to test workflows, validate use cases, and provide feedback to guide ongoing product development and refinement.

How does RoboAgent aim to help real estate professionals?

RoboAgent is designed to integrate CRM, MLS, and transaction data, then use artificial intelligence to create prioritized daily actions. It focuses on identifying opportunities, recommending next steps, and reinforcing productive behaviors so agents can concentrate on activities most likely to drive revenue and client engagement.

Under what exemption were Mitesco’s 2026 Bridge Notes sold?

Mitesco sold the 2026 Bridge Notes under exemptions from registration provided by Section 4(a)(2) and Regulation D of the Securities Act of 1933. As a result, these securities are restricted and cannot be offered or sold in the United States without registration or an applicable exemption.

Filing Exhibits & Attachments

6 documents